Accenture, IBM, Cisco pay more than two times higher salaries than Infosys and Wipro

Women are just as willing as men to negotiate for more pay, according to a new study which debunks the theory that income gap between genders is due to women's reluctance to negotiate salaries. NEW DELHI: Foreign IT companies like Accenture, IBM and Cisco pay more than two times higher salaries than domestic firms such as Infosys and Wipro, at the median, according to a report from online career and recruitment company Monster India.

The report said that workers with permanent contracts earn roughly 23% more than workers with non-temporary contracts.

Further, the report says that IT employees continue to be the highest paid in India. They got median gross hourly salary of Rs 346, which is 24% higher than the national median.

BFSI (banking, financial services and insurance) came in next at Rs 300 per hour and the manufacturing sector came in last with Rs 254, as per the Monster Salary Index (MSI) sectorial reports for manufacturing, IT and BFSI sectors.

Sanjay Modi, managing director of Monster India, said that the IT and BFSI sectors have always been among the highly paid in India but noted that surprisingly, more of the employees in these sectors are dissatisfied with their salaries than those in manufacturing.

Some 57% of the IT employees and 52% BFSI employees were satisfied with their pay, compared to 60% in manufacturing. IT employees below 30 years earn Rs 236 per hour on average compared to Rs 450 for employees between 30 and 40, who are essentially mid-level managers.

For those above 40, normally senior level managers, the average per hour earnings shoots up to Rs 695. Overall, 95% of the respondents in the sector hold at least a three-year bachelor's degree.

Men earn a gross hourly wage of Rs 365 compared to only Rs 231 received by women, a difference of about 37%, the report said.